NOT LISTED FOR SALE

7 E Penn Ave Cleona, PA 17042

Estimated Value: $244,905 - $301,000

-- Bed
2 Baths
2,229 Sq Ft
$120/Sq Ft Est. Value

Last Sold April 08, 2021

Last sale price $234,900 $105 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,718/month

138 Days on Market

Highlights

  • Main Floor Bedroom
  • 2 Car Detached Garage
  • Ceiling Fan
  • No HOA
  • Oversized Parking
  • Hot Water Heating System

About This Home

As of April 2021

Buyers loss is your gain-financing fell through. A real money maker! downstairs unit offers first floor living with a covered patio outback. Downstairs unit also has a basement for usable space-virtual learning, home office space or a den for the kids to play and watch tv. Investors and first time home buyers-this one's for you! 2 units in this beautiful home. the lower unit has 3 bedrooms and 1 bathroom-2 on the main floor and one downstairs. the basement also has a bonus room that has access to the outside covered porch. The upstairs unit has 3 bedrooms and 2 bathroom. Brand new furnace was installed last year hooking up to natural gas, supplied by UGI. Both tenants are long term and would love to stay. This is a turn key operation and instant money maker. Huge fenced in yard and large 2 story detached garage outback offers additional income. If you're looking to live rent free, this home could be yours. Live in one half and rent the rest out; build equity while saving money!

Last Agent to Sell the Property

Lindsey Good

Iron Valley Real Estate Listed on: 10/13/2020

Iron Valley Real Estate

Last Buyer's Agent

Lonnie Long

RE/MAX Cornerstone

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,694

Year Built

  • Built in 1904

Lot Details

  • 6,970 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • Oversized Parking
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Converted Dwelling

Interior Spaces

  • Main Floor Bedroom
  • 2,229 Sq Ft Home
  • Ceiling Fan
  • Dining Area
  • Basement Fills Entire Space Under The House

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Hot Water Heating System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 11-2323834-368365-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,694

Year Built

Built in 1904

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2020-10-13
  • Year Built: 1904
  • Automatically Close On Close Date: No
  • Remarks Public: Buyers loss is your gain-financing fell through. A real money maker! downstairs unit offers first floor living with a covered patio outback. Downstairs unit also has a basement for usable space-virtual learning, home office space or a den for the kids to play and watch tv. Investors and first time home buyers-this one's for you! 2 units in this beautiful home. the lower unit has 3 bedrooms and 1 bathroom-2 on the main floor and one downstairs. the basement also has a bonus room that has access to the outside covered porch. The upstairs unit has 3 bedrooms and 2 bathroom. Brand new furnace was installed last year hooking up to natural gas, supplied by UGI. Both tenants are long term and would love to stay. This is a turn key operation and instant money maker. Huge fenced in yard and large 2 story detached garage outback offers additional income. If you're looking to live rent free, this home could be yours. Live in one half and rent the rest out; build equity while saving money!
  • Special Features: None

Interior Features

  • Interior Amenities: Dining Area, Entry Level Bedroom
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2229
  • Living Area Sq Ft: 2229
  • Price Per Sq Ft: 105.38
  • Above Grade Finished Sq Ft: 2229
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Oversized
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage, Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Heating Fuel: Oil
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: ANNVILLE-CLEONA
  • School District Key: 300200397384
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 106700.00
  • Land Assessed Value: 23200.00
  • Land Use Code: 102
  • Lot Size Acres: 0.16
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6970.00
  • Year Assessed: 2021
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Long Term, Month To Month
  • Number Of Units Month To Month: 1
  • Rent Control: No
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10314131
  • School Tax: 1907.00
  • Tax Annual Amount: 2694.00
  • Assessor Parcel Number: 11-2323834-368365-0000
  • Tax Total Finished Sq Ft: 2229
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 04/08/2021

MLS Schools

  • School District Name: ANNVILLE-CLEONA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2020
Closed on
Apr 8, 2021
Sold by
Good Jordon M and Good Lindsey E
Bought by
Ulrich Justin T
Seller's Agent
Lindsey Good
Iron Valley Real Estate
Buyer's Agent
Lonnie Long
RE/MAX Cornerstone
List Price
$254,900
Sold Price
$234,900
Premium/Discount to List
-$20,000
-7.85%
Current Estimated Value
$266,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,416
Avg. Annual Appreciation
3.86%
Original Mortgage
$230,644
Outstanding Balance
$210,179
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$66,949

Purchase Details

Listed on
Aug 24, 2016
Closed on
Sep 29, 2016
Sold by
Heim Dennis E and Gehman Heim Dawnmarie
Bought by
Good Jordon M and Good Lindsey E
Seller's Agent
Adam Gamble
Iron Valley Real Estate
Buyer's Agent
Adam Gamble
Iron Valley Real Estate
List Price
$154,900
Sold Price
$154,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.63%
Original Mortgage
$279,900
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ulrich Justin T $234,900 None Available
Good Jordon M $154,900 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ulrich Justin T $230,644
Previous Owner Good Jordon M $279,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2021 04/08/21 Sold $234,900 0.0% $105 / Sq Ft
03/01/2021 03/01/21 Pending -- -- --
02/04/2021 02/04/21 Price Changed $234,900 -7.8% $105 / Sq Ft
12/10/2020 12/10/20 For Sale $254,900 0.0% $114 / Sq Ft
10/17/2020 10/17/20 Pending -- -- --
10/13/2020 10/13/20 For Sale $254,900 +64.6% $114 / Sq Ft
09/29/2016 09/29/16 Sold $154,900 0.0% $67 / Sq Ft
08/29/2016 08/29/16 Pending -- -- --
08/24/2016 08/24/16 For Sale $154,900 -- $67 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,204 $129,900 $23,200 $106,700
2024 $2,925 $129,900 $23,200 $106,700
2023 $2,925 $129,900 $23,200 $106,700
2022 $2,856 $129,900 $23,200 $106,700
2021 $2,694 $129,900 $23,200 $106,700
2020 $2,659 $129,900 $23,200 $106,700
2019 $2,624 $129,900 $23,200 $106,700
2018 $2,591 $129,900 $23,200 $106,700
2017 $788 $129,900 $23,200 $106,700
2016 $2,542 $129,900 $23,200 $106,700
2015 -- $129,900 $23,200 $106,700
2014 -- $129,900 $23,200 $106,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALN116196

Bright MLS

APN: 11-2323834-368365-0000